Grand Theft Auto Win Can't Save Take-Two From Poor 4Q Guidance

Take-Two Interactive managed to double its net income over the third quarter after copies of the latest Grand Theft Auto flew off the shelves.

Take-Two Interactive managed to double its net income over the third quarter after copies of the latest Grand Theft Auto flew off the shelves. But the earnings win wasn't enough to save shares from selling off on weak fourth-quarter guidance. The video game publisher expects earnings to break even at 10 cents a share for the quarter ending March, compared to analyst expectations of 13 cents a share. Revenue is expected in the range of $170 to $200 million, compared to consensus of $211 million.